You will be responsible for managing daily processing of derivatives operations.
Main Responsibilities:
Perform daily settlement processing for the following products:
- Margin settlement for CSA management
- Interest rate swap and cross currency swap, Caps & floors
- FX Option, Participating Forward and Structure option
- Equity option, equity accumulator and decumulator
- Futures
- Currency Linked Premium Deposit and Equity Linked Deposit
Prepare daily reporting and follow up margin call payment for CSA management
Follow up discrepancies and liaise with risk management team if any margin disputes
Follow up monthly interest settlement with CSA counterparties
Work closely with front office and various departments to resolve any operational issues
Reconcile trade input against counterparty’s trade record to ensure correctness of trade booking
Follow up with traders and counterparties in case of any trade booking issues
Prepare trade confirmations and settlement instructions for Derivatives products
Input trades at middleware systems for in-scope OTC derivatives products
Manage trade confirmation matching electronically and manually as well as handle exceptions if any
Review reported OTC derivatives trades or submit trades if needed for HK trade repository regulatory reporting
Manage premium payment for interest payment for derivatives products
Dispatch Corporate Action notifications to relevant RM and maintain in register record for follow-up action
Perform account reconciliation, position reconciliation to ensure accuracy
Handle post trade event processing (e.g. rate fixing, option expiry/exercise, knock-in or knock-out events) for Derivatives products
Prepare day-end control reports to ensure completeness
Participate in user acceptance tests or system enhancement projects in relation to Settlement or new product development
Assist manager in regular procedure manuals updating
Act as back up of other FXMM or Fixed Income & other Derivatives teammates
Incumbent Requirements:
- Degree holder in Banking / Business Administration / Finance/ Management
- At least 2 to 3 years of relevant experience in Banking industry or financial institution is preferred
- Experiences in settlement systems usage including SWIFT, RTGS, MarkitWire, Kondor, OPICS, HKTR is preferred
- Strong communication, interpersonal, people management and analytical skills
- Mature and able to work independently and under pressure
- Innovative and self-initiative
- Good command of spoken and written English and Chinese
(Candidate with more experience will be considered as Senior Officer)
